XRP Price Plummets 20% to $1.53 Amid Market Turmoil

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: 4d ago

Should l Buy XRP?

Price Plunge: XRP's price has dropped 20.7% over the past week to $1.53, marking its lowest level since November 2024, reflecting a growing aversion to risk assets that may further undermine investor confidence.
Liquidation Cascade: Over $528 million in long positions were liquidated in the past 24 hours, including approximately $6.65 million in XRP longs, indicating significant losses for highly leveraged traders that could exacerbate downward pressure on the market.
DeFi Struggles: The XRP Ledger is underperforming in the decentralized finance sector with only 19 protocols and a total value locked of $54.6 million, down 32% from early January, suggesting declining user engagement and capital commitment that may further suppress prices.
Dwindling ETF Demand: Spot inflows into XRP ETFs launched last November have sharply declined, with only $15.59 million in net inflows recorded in January, a stark contrast to $666 million and $500 million in November and December, indicating waning institutional demand for crypto-backed products and reducing liquidity support for XRP.

Get Real-Time Alerts for Any Crypto Movement

Monitor assets like XRP with instant alerts on price breakouts and whale movements. Don't let a 24/7 market leave you behind.

Technical Analysis for XRP

Technical Sentiment Analysis for XRP (XRP) As of , XRP (XRP) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 1 indicators are flashing buy, while 4 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for XRP stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.

Support, Resistance & Moving Averages From a structural perspective, XRP is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.

XRP (XRP) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	0.459	0.788	1.155	1.484	1.851	2.18	2.547
Fibonacci	0.788	1.054	1.218	1.484	1.75	1.914	2.18

About XRP

Launched in 2012, the XRP Ledger (XRPL) is an open-source, permissionless and decentralized technology. Benefits of the XRP Ledger include its low-cost ($0.0002 to transact), speed (settling transactions in 3-5 seconds), scalability (1,500 transactions per second) and inherently green attributes (carbon-neutral and energy-efficient). The XRP Ledger also features the first decentralized exchange (DEX) and custom tokenization capabilities built into the protocol. Since 2012, the XRP Ledger has been operating reliably, having closed 70 million ledgers.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

GET FREE REAL TIME NOTIFICATIONS

Stock Monitor for XRP?

Get Started Free

FREE STOCK RECOMMENDATIONS DAILY

Stock Bullish Tomorrow

Get Started Free

70% BACKTESTED ACCURACY!

Should I Buy XRP?

Get Started Free